Local, Federal Officers Seek Bank Scam Artist

Crime update

March 10, 1996

Volusia County, Daytona Beach and federal authorities are seeking Theodore Oliver Thomas, also known as John Price or Larry Rich.

Authorities say Thomas is a bank scam artist and former New Jersey bank employee. His usual practice, authorities said, is to write checks on a closed account and deposit the money into the accounts of other people who are involved in the scheme.

By the time the check is determined to be bogus, thousands of dollars have been lost. At least 40 people are involved in the scam, but police are most interested in Thomas. He is known to frequent race tracks and authorities say he likes to stay in Central Florida in the Walt Disney World area.

Those with information about this case can call Central Florida Crimeline at (407) 423-TIPS or toll-free at 1-800-423-TIPS. Callers can be anonymous. Crimeline offers rewards of up to $1,000 for fruitful tips.